Question
For abnormal goods, how will supply behave when price increases and when price decreases
Answers
Peer Tutor
Uhh For example there are 50 pineapples at the store and the price of the pineapples are $2.00! The price is low because there is plenty of supplies! Now there are 25 left and the price goes up to $3.00. So the whole point is that the less supplies there are the higher the price!
Peer Tutor
Hope this helps!!
Ndifor clauvis
For abnormal goods how will price be if supply increases or decrease